View more on these topics

Stars among exodus in Invesco&#39s Henley move

Twenty-six investment professionals, including star fund managers Claire Griffiths and David McGillveray, are leaving Invesco UK as part of the group&#39s move to combine its investment operations in Henley-on-Thames.

Following its decision last week to realign the business into the core functions of investments, distribution and operations, Invesco is relocating its investment management team to Oxfordshire, with the loss of 11 fund managers and 15 other investment specialists. Its remaining 14 London-based managers will move to Henley-on-Thames, where the Perpetual team is based.

The outgoing managers include European smaller companies fund manager Griffiths, who will be replaced by assistant manager Tasmin Friers, and key trends and UK equity fund manager McGillveray, who will hand over to Graham Kitchen. Kitchen, manager of the £580m income & growth fund, will remain in his role as co-head of investment with income star Neil Woodford in Henley.

They will report to chief investment officer Bob Yerbury, who will continue to head the investment team.

Invesco&#39s London office will remain open, housing its global fixed income and Atlantic wealth management teams as well as its sales and marketing department. Invesco hopes the move will be completed within two months.

Yerbury says: “The move creates a team of top quality managers who will work and interact together in an environment which will maximise our investment strength and enhance communication.”

Chelsea Financial Services managing director Darius McDermott says: “Logistically, it is better that the team be based in closer proximity and hopefully this will be better for the performance of the funds as a whole. I do expect this to be good news for clients in the long run.”


Loan Stars

Financial services&#39 finest gathered for last week&#39s Money Marketing Live event at London&#39s Olympia.A glittering array of politicians, regulators and people in shiny suits thronged to the event to flaunt their wares and their freebies.Some plied clients with soft toys and mirrors to see around corners while others hurled rugby balls.Not to be outdone by […]

JOHCM fund spins Eurotop 300

J O Hambro Capital Management has unveiled the JOHCM European fund and has renamed its existing fund of that name the JOHCM continental European fund. The new European fund differs from the previous fund in that it invests in Europe including the UK. Both funds are run by the same fund manager, Rod Marsden. Marsden […]

Performance fees plan in fund rules&#39 shake-up

The FSA is proposing allowing the use of performance fees as part of a radical overhaul of rules governing collective investment schemes which it hopes will boost UK competitiveness and innovation.In its consultation paper, The CIS Sourcebook – A New Approach, the FSA seeks views on plans to allow greater flexibility in design and management […]

Schroders Private Bank – Private Equity Fund of Funds II

SCHRODERS PRIVATE BANK Private Equity Fund of Funds II Type: Investment trust Aim: Growth by investing in a portfolio of 15 to 20 European and US private equity funds. Minimum investment: Lump sum euros 125,000 Investment split: 100% in a portfolio of 15 to 20 European and US private equity funds Place of registration: Dublin […]

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm